Andrew Hedlund
Oil prices have held steady recently after a much-welcomed recovery, but the retail rout will likely continue.
Even as the economy keeps humming along, limited partners should start preparing for a downturn, at a new report from JPMorgan Asset Management has cautioned. Investors should look to diversify their private credit allocation beyond direct lending and consider special situations strategies, according to the document, authored by Leander Christofides and Brad Demong, co-chief investment […]
More institutional investors are turning to real estate debt as the credit cycle enters its later stages.
The credit investment firm maintains the strategy has a growing market opportunity.
The annual asset allocation study showed only a 0.1% year-on-year drop in its 10-year return projections.
The direct lending behemoth is coming off one of its largest deals, a $695m loan to back a radiology portfolio company of New Enterprise Associates.
Leverage is creeping up in large-cap leverage buyouts, riskier credits are being issued and prospects for strong recoveries are dwindling.
Tax reform and the US mid-term elections will factor into the market atmosphere for this year, according to a member of the Los Angeles-based firm’s mezzanine group.
The energy market provided the firm with an opportunity to provide non-buyout preferred equity investments.
The firm closed a global direct lending fund last summer at $1.3bn.